With interest rates falling and auction clearance rates sitting at their highest in two years, spring buyers are re-entering the market at full speed – but they’re not all looking in the same two suburbs.
Domain’s Spring Property Report reveals the most in-demand buyer hotspots across every capital city and where buyers are narrowing their focus this spring selling season.
The top 10 buyer hotspots in each capital city were identified using Domain listing data, which analysed the areas with the highest views per listing based on residential properties between January to August this year.
New figures from Loan Market Group show Victoria has become the nation’s undisputed first-home buyer capital.
Auctions have soared in popularity as a method of property sale over the past decade and a half, as buyers compete for the few homes available for sale.
Previously, only first-home buyers were treated to stamp duty relief.
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